Its main nonprofit organization will control a new public benefit corporation that will house OpenAI's for-profit operations. The restructuring will make it easier for OpenAI to issue traditional equity to new investors, allowing the startup to raise the massive amount of money needed to pursue its ambitious plans. The OpenAI nonprofit doesn't just get control. It also gets an equity stake in the new business that is worth more than $100 billion, Taylor said.
As the Wall Street Journal reports today, via unnamed sources close to the company, OpenAI executives are reportedly discussing a "last-ditch" option to preserve their plans, which would be relocating out of the state of California. A spokesperson for the company quoted by the Journal denies that this is under consideration. But the paper's source suggest that executives have floated the idea of a move out of state if things get worse with the AG's investigation.